Buying a private party car with cash vs. financing
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Member
Joined: Apr 2010
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2008 C350
Buying a private party car with cash vs. financing
Anyone done it recently? Are there any advantages to the seller if the buyer offers to pay all cash, so much so that the seller is more amenable during price negotiations, perhaps?
The only thing I can think of is the convenience factor -- my credit union says if we finance through them, that the seller would have to come in with us to their downtown office to do some paperwork.
Just trying to figure out if the "all cash vs. financing" card applies to car sales as it does to home sales too.
The only thing I can think of is the convenience factor -- my credit union says if we finance through them, that the seller would have to come in with us to their downtown office to do some paperwork.
Just trying to figure out if the "all cash vs. financing" card applies to car sales as it does to home sales too.
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Joined: Jul 2013
Posts: 20
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92 SL300, Sold My 02 SL500 Designo, 98 CLK320, 02 C320 and GMC Cyclone
Not much of a difference and you might save the seller 1-2 hours of time max using cash.
But personally I wouldn't bring cash to the deal. I will still make the seller meet me at the bank to complete the deal and I will then pull the cash out. Safer that way.
I almost got jacked selling a diamond watch off CL. Now I make everyone meet me at the bank or somewhere real public.
But personally I wouldn't bring cash to the deal. I will still make the seller meet me at the bank to complete the deal and I will then pull the cash out. Safer that way.
I almost got jacked selling a diamond watch off CL. Now I make everyone meet me at the bank or somewhere real public.
